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Appian wins $2.04 billion verdict against Pegasystems
Abstract：(Reuters) – Appian Corp, a cloud computing and software company, said on Tuesday that a Virginia jury ordered rival Pegasystems Inc to pay $2.04 billion in damages for trade secret misappropriation.
div classBodysc17zpet90 cdBBJodivpReuters – Appian Corp, a cloud computing and software company, said on Tuesday that a Virginia jury ordered rival Pegasystems Inc to pay 2.04 billion in damages for trade secret misappropriation.p
pIn morning trading, Appian shares were up 25.1 at 53.83, while Pegasystems was down 20.6 at 52.38.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pThe damages award issued by the Fairfax County jury after a sevenweek trial, and may be the largest in Virginias history, Appian said.p
pPegasystems did not immediately respond to requests for comment.p
p
pp Reporting by Jonathan Stempel in New Yorkp
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